Two Senators – a Republican and a Democrat – Testify to Senate Banking Committee on China’s Threat to U.S. National Security and Competitiveness
SUBSCRIBE TO THIS NEWSLETTER Two Senators – a Republican and a Democrat – Testify to Senate Banking Committee on China’s Threat to U.S. National Security and Competitiveness By Pam Martens and Russ Martens : September 30, 2022 ~ Yesterday, Senator Robert (Bob) Casey, Jr. (D-PA) and Senator John Cornyn (R-TX) testified before the Senate Banking Committee. At a time when there is little that the two political parties can agree on in Congress, it was refreshing to hear these two Senators from different parties earnestly explain the threat that China’s ambitious agenda poses to the U.S.; how outward investment by U.S. corporations is furthering China’s agenda; and outline legislation to deal with the threat. Senator Casey explained the problem as follows: Senator Robert (Bob) Casey, Jr. (D-PA) “For decades, the United States has steadily ceded its manufacturing power to other countries, particularly foreign adversaries, like the Chinese Communist Party (CCP) and the Russian Fed...